SentinelOne (S) Surpasses Q2 Earnings and Revenue Estimates

Earnings Performance - SentinelOne reported quarterly earnings of $0.01 per share, beating the Zacks Consensus Estimate of a loss of $0.01 per share, representing a 200% earnings surprise [1] - The company's earnings improved significantly compared to a loss of $0.08 per share in the same quarter last year [1] - Over the last four quarters, SentinelOne has consistently surpassed consensus EPS estimates [1] Revenue Growth - SentinelOne posted revenues of $198.94 million for the quarter ended July 2024, exceeding the Zacks Consensus Estimate by 0.98% [1] - This represents a 33.1% year-over-year increase from $149.42 million in the same quarter last year [1] - The company has topped consensus revenue estimates in each of the last four quarters [1] Stock Performance and Market Comparison - SentinelOne shares have declined approximately 9.3% year-to-date, underperforming the S&P 500's 17.8% gain [2] - The company's stock is expected to perform in line with the market in the near future, with a Zacks Rank 3 (Hold) rating [4] Future Outlook and Industry Context - The current consensus EPS estimate for the coming quarter is $0.01 on $207.99 million in revenues [4] - For the current fiscal year, the consensus EPS estimate is $0.03 on $811.41 million in revenues [4] - The Computers - IT Services industry ranks in the top 20% of Zacks industries, with the top 50% outperforming the bottom 50% by more than 2 to 1 [5] Peer Comparison - SecureWorks, another company in the same industry, is expected to report quarterly earnings of $0.01 per share, representing a 110% year-over-year increase [5] - SecureWorks' revenues are projected at $80.98 million, a 12.9% decline from the year-ago quarter [6]